Share via

All homes worth more than £2 million could be subject to a mansion tax if
Labour wins the next election, Ed Miliband said yesterday.

The party plans to extract an average of £30,000 a year from about 70,000
high-value properties to fund the return of the 10p tax rate, abolished by
Gordon Brown in 2007.

In an announcement designed to distance himself from Mr Brown, Mr Miliband
said that he was adopting the Liberal Democrat “mansion tax” plan to undo
the “very, very bad mistake” to abolish the 10p rate. The move comes amid
concerns raised by from senior Labour